US markets fall from a green session high to a 'minor' selloff (SPY -042%), gold reverses course skyrocketing from 1263 to 1280. The US dollar is slipping, down -0.62%, but crude prices remain steady. Indicators are bearish and more downside is predicted.
Here is the current market situation from CNN Money
North and South American markets are mixed. The Bovespa is higher by 0.82%, while the S&P 500 is leading the IPC lower. They are down 0.33% and 0.05% respectively.
$NYA200R chart below is the percentage of stocks above the 200 DMA and is always a good statistic to follow. It can depict a trend of declining equities which is always troubling, especially when it drops below 60% - 55%. Following a major market correction, the conditions for safe re-entry are when:
a) Daily $OEXA200R rises above 65%
Secondary Bullish Indicators:
a) RSI is POSITIVE (above 50)
b) Slow STO is POSITIVE (black line above red line)
c) MACD is POSITIVE (black line above red line)
Markets move inverse to institutional selling and this NYA Index is followed by Institutional Investors
Looking at the last three columns, the first one (Actual), is what was reported this morning. The second column (Forecast) is what analysts had forecast and the third column is the previous report. Full calendar HERE.
(Reuters) - Wall Street rose on Friday as robust economic data shone light on the strength of the U.S. economy, while upbeat results from Alphabet and Chevron offset the decline in health stocks and Amazon.
(Reuters) - The court-appointed trustee liquidating Bernard Madoff's firm said on Friday he has reached a settlement with the family of late Beverly Hills money manager Stanley Chais that will provide more than $277 million to victims of Madoff's Ponzi scheme.
DETROIT (Reuters) - BMW is recalling 154,472 vehicles registered in the United States and Canada for a fuel pump problem that could cause stalling, according to a filing with U.S. safety regulators and BMW.
BRUSSELS (Reuters) - The parliament of Belgium's French-speaking region of Wallonia voted in favor of a planned EU-Canada trade agreement on Friday, ending its opposition that threatened to destroy the entire deal.
(Reuters) - Mondelez International Inc said on Friday it is recalling certain batches of two varieties of Oreo Fudge Cremes sold in the United States as their ingredient lists do not mention milk allergen.
LONDON/FRANKFURT (Reuters) - Deutsche Bank is among more than 20 bidders in talks to potentially buy a 3.2 billion euro ($3.5 billion) loan portfolio from state-owned rival HSH Nordbank [HSH.UL] as Germany's biggest lender tries to do deals despite its troubles, sources told Reuters.
Having largely lost long-time ally Philippines as an anchor to US foreign policy in the Pacific rim, a loss which comes at a critical time for the US just as China is aggressively expanding its territorial ambitions in the South China Sea, Washington is set to lose another key ally, and a critical one at that: as Reuters reports, in a "blow to the US", Malaysia's corrupt Prime Minister Najib Razak, whose involvement in the 1MBD scandal has been extensively reported by the WSJ for over a year now, will sign a contract to purchase Littoral Mission Ships from China when he visits Beijing next week, according to a Facebook posting by the country's Ministry of Defense.
The text of a speech to be delivered by Malaysian defense minister Hishammuddin Hussein appears to have been accidentally posted on Facebook on Tuesday, but was later removed after Reuters asked a defence ministry spokesman for comment.
The purchase of the patrol vessels, if it proceeds, would be Malaysia's first significant defence deal with China and comes amid rising tensions in the South China Sea and as the United States and China compete for influence in the region. It would also be the latest, if far more nuanced, pivot away from a US sphere of inluence in the region since Philippines' Duterte said he was severing ties with the US last week.
China's foreign ministry spokesman Lu Kang said on Friday he was "unclear on the specifics of the situation". But responding to a Reuters question at the daily ministry briefing he noted China and Malaysia "continue to cooperate and communicate regularly across all spheres".
Why the diplomatic fallout between the US and Malaysia?
One reason, as we noted last weekend, is that thanks to the Podesta leaks ...
A small Standing Rock Sioux site in North Dakota called the Sacred Stone Camp has been propelled into the national news narrative following their stand against the Dakota Access Pipeline. Due in part to independent media coverage of the ongoing standoff, the Sacred Stone camp has grown into a formidable opposition against the $3.8 billion, 1,200-mile long pipeline.
Due to misinformation coming from law-enforcement, political favoritism toward the pipeline builders, and the media's blatant reluctance to report on the pipeline, it's hard to tell truth from fiction. Anti-Media, along with our partners in the independent media and our embedded journalist at the opposition encampment, have been covering the unfolding standoff continuously. Here are five things you need to know.
1. Who is opposing the pipeline — and why
The Standing Rock Sioux tribe is leading the opposition to the Dakota Access Pipeline. They have been joined by the
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